Redflow endures a A$9 million FY loss

AUSSIE battery maker Redflow said sales impacts from COVID-19 led it to suffer a A$9 million after tax loss in its full-year results today, but noted demand for its zinc-bromine flow batteries is only expected to grow.

Redflow endures a A$9 million FY loss Redflow endures a A$9 million FY loss Redflow endures a A$9 million FY loss Redflow endures a A$9 million FY loss Redflow endures a A$9 million FY loss

Revenue improves as prospects look bright

Full-year revenue was up 14% year-on-year to A$2.23 million, however it suffered an after tax loss of $9.5 million, attributing it to the impacts of COVID-19 on sales.